Symantec has announced it will buy encryption vendors PGP and GuardianEdge Technologies to boost its lineup.

The security company plans to integrate encryption products from PGP and GuardianEdge into its data loss prevention suite and endpoint protection products, it said in its acquisition announcement on Thursday.

"The two acquisitions will give us a market-leading position in the $1.4 billion per year encryption business," Symantec enterprise security group vice president Francis deSouza told ZDNet UK on Thursday. "At Symantec, we're focused on making data protection easier to manage, and these acquisitions represent a big step forward."